A Gift in Your Will or Living Trust

The Easiest Way to Make an Impact on Causes You Care About After Your Lifetime

Designating part of your estate for the LGBTQ community through a charitable bequest in your will or trust makes a difference not only during your lifetime, but also long after you’re gone. We offer numerous ways to plan your legacy, including the LGBTQ Community Endowment Fund, a permanent fund for our community’s future.

Your legacy plan will likely reflect the multi-faceted life you have lived and may benefit the people you love, as well as the organizations and causes that are important to you. Horizons offers both the tool and the expertise to help you create a legacy that is unique to you and your philanthropic goals. Horizons' knowledgeable staff will work one on one with you, and leaving your Legacy through Horizons Foundation offers you the flexibility to change your plan if your goals change, because you can change your gift agreement with Horizons without going back through an attorney.

Tom and Jeff

Legacy Giving in Action

Tom and Jeff met in the early 80s, shortly after each relocated to San Francisco in search of a community where they could build a happy and authentic life. Twenty years later, when Tom and Jeff got married, it was important to them to protect their assets with a will and trust. Both wanted to support the Bay Area LGBTQ community where they had met, made a home, established successful careers, married and thrived, so Tom and Jeff made a bequest of $75,000 to Horizons in their will.

Over time, Tom and Jeff's financial assets grew, and so did their family. Now that they are parents, they decided to re-structure their bequest to ensure their children's future financial security, in addition to supporting the community they love. All it took was a simple revision to the bequest language in their will to make their gift to Horizons a percentage of their estate, instead of a specific amount. Tom and Jeff now rest easy knowing their legacy plan provides for the people and charitable work they love.

See How It Works

Learn How to Fund It

You can use the following assets to fund a bequest:

Next Steps

Legal Name: Horizons Foundation
Address: 550 Montgomery Street, Suite 700 San Francisco, CA 94111
Federal Tax ID Number: 94-2686530

Not Sure How to Begin Planning?Download our FREE Personal Estate Planning Kit

A charitable bequest is one or two sentences in your will or living trust that leave to Horizons Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I give to Horizons Foundation, a nonprofit corporation currently located at 550 Montgomery Street, Suite 700 San Francisco, CA 94111 , or its successor thereto, ______________* [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Horizons or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the potential tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Horizons as a lump sum.

You fund this trust with cash or appreciated assets—and may qualify for a federal income tax charitable deduction when you itemize. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Horizons as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and Horizons where you agree to make a gift to Horizons and we, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

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